Fed’s dovish move will slash $625M in interest income for stablecoins



<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDkvMDE5MjM1MzQtZDI3NC03NTk0LThjMGUtMWU3OTlkZDBmYWY3.jpg"></p><p>CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.</p>



https://cointelegraph.com/news/fed-dovis...er_inbound